East West Holdings Ltd secures contract from The Indian Institute of Petroleum, Dehradun

M/s. East West Holdings Limited (Through Wholly owned Subsidiary (WOS) East West Freight Carriers Limited) have secured a contract for 1 year from THE INDIAN INSTITUTE OF PETROLEUM, Dehradun which is one of the 37 constituent laboratories of the Council of Scientific and Industrial Research, dedicated to R&D in the hydrocarbon sector.

Under this contract, the Company will provide Customs Clearance Services to THE INDIAN INSTITUTE OF PETROLEUM, Dehradun.

This 1 year contract with THE INDIAN INSTITUTE OF PETROLEUM, Dehradun is expected to generate Rs. 1.5 cr. revenue to the Company.

Mohammed Ajaz Shafi - Managing Director & CEO said "We have been providing logistics support services to various government and semi government Institution & organizations and have become their preferred logistic partner and we are glad to be associate with such a reputed government organization."

Shares of East West Holdings Ltd was last trading in BSE at Rs. 4.78 as compared to the previous close of Rs. 4.56. The total number of shares traded during the day was 92907 in over 122 trades.

The stock hit an intraday high of Rs. 4.78 and intraday low of 4.34. The net turnover during the day was Rs. 417999.00.

Source : Equity Bulls

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